Filed January 5, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.10+ years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 34-1542819 | Advisory (Participants) | $19,360 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $1,984 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,445 | $80,724-12.7% | $103,333-31.8% | $74,495-5.4% |
| Participation rate | 58.4% | 65.7%-7.3pp | 74.5%-16.1pp | 67.2%-8.8pp |
| Annual return | 14.49% | 27.56%-13.1pp | 24.88%-10.4pp | 1364.94%-1350.5pp |
| Employer contribution / active EE | $1,419 | $3,157-55.1% | $3,868-63.3% | $2,623-45.9% |
| Participant deferral / active EE | $2,737 | $3,860-29.1% | $5,057-45.9% | $4,346-37.0% |
| Admin fee / account holder | $341 | $2,368-85.6% | $8,355-95.9% | $1,942-82.4% |